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306 Riviera Tulum Avenue
About This Property
Close to Naples' main hospital (NCH), schools and universities, the exclusive Mercato entertainment center, Waterside Shops, restaurants, banks, and major retailers: Costco, Target, Walmart, Publix, Best Buy, Home Depot, etc.
This is an opportunity for you to inhabit an exclusive home where excellence, quality, and technological innovation are paramount; all while keeping the client as a central figure, allowing for the choice of finishes.
The lot is for sale with a ready-to-move-in constructed home, or you can purchase the lot with the option to hire our builder to create the home you desire within certain quality standards.
These homes have approximately 2,800 sq. ft. under air, 4,600 sq. ft. total living area, 4 bedrooms, 4 bathrooms, grill, 3 garages, high ceilings, ceramic tile, light colors, modern minimalist design, stone countertops, and top-brand appliances, etc.
The project
Two-story construction is also possible, provided the plans are approved by the developer and meet the condominium standards.
The price for each home including the lot is $1,400,000, and if you purchase only the lot, it is $495,000.
The project comprises 4 lots designated for the construction of an equal number of residential homes. THE TOTAL COST OF THE 4 LOTS IS $ 1,980,000.00
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 1, 2026 | Listed by Xclusive Homes LLC | $495,000 | |
| Listed by Xclusive Homes LLC | |||
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About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017